Answer: 819,000
Step-by-step explanation:
182000×9=1638000÷2=819000
Lisa's friend must pay Lisa $819,000 to become her partner in the business, half the worth of Lisa's business today.
The worth of an object is the price of that object currently. The worth of almost every object in this world is variable (not fixed) with time and use.
In the question, we are said that ten years ago, Lisa bought a hair salon for $182,000. Her business is now worth nine times what she paid.
∴ Worth of the business 10 years ago = $182,000.
Worth of the business now = 9*$182,000 = $1,638,000
We have been informed that Lisa has decided to sell half of her business to a friend. We are asked to find the amount her friend needs to pay, to become her partner.
As we have been told, she is selling half of her business, her friend will need to pay half of her business' worth at the present date.
∴ Her friend pays the amount = 1/2 * worth of the business now
or, Her friend pays the amount = 1/2 * $1,638,000
or, Her friend pays the amount = $819,000.
∴ Lisa's friend must pay Lisa $819,000 to become her partner in the business, half the worth of Lisa's business today.
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